Why is Spencer's Retail falling/rising?

As of 16-Jul, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at Rs 60.35, down by Rs 1.15 or 1.87%. The stock has underperformed its sector by 3.41% today, touching an intraday low of Rs 59.7. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.66%, and its year-to-date performance shows a significant drop of 25.54%. The company is facing challenges such as a negative book value, a high debt-to-equity ratio, and poor long-term growth, with operating profit declining at an annual rate of 178.55% over the last five years. Furthermore, domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its current valuation.
In the broader market context, the Sensex has shown a slight decline of 1.08% over the past week, which is less severe than Spencer's Retail's performance. While the benchmark has gained 5.75% year-to-date, Spencer's Retail has significantly lagged behind with a 25.54% drop. This underperformance is compounded by the company's negative EBITDA and a recent report of the lowest net sales in the last quarter, which further erodes investor confidence. Overall, the combination of weak financial fundamentals, declining investor participation, and poor stock performance relative to the market contributes to the ongoing decline in Spencer's Retail's stock price.